ECONOMYNEXT – The Sri Lanka government has decided to compensate for damaged fishing boats with a new boat through Cey Nor Foundation amid insufficient insurance claims due to undervaluation, President Anura Kumara Dissanayake told the Parliament. He said this when he explained the method of compensation for lost or damaged fishing boats. He said all those engaged in marine fishing cannot operate without insuring their boats and the Ministry of Fisheries issues fishing licences only if the boats are insured. “However, although compensation is received through insurance, that amount is insufficient to purchase a new boat because sometimes they insure…
Sri Lanka govt to compensate for damaged fishing boats through Cey Nor
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